Asked by
Cameron Jones
on Nov 10, 2024
Verified
A partnership cannot employ employees but must carry on its business through the partners.
Employ Employees
The act of hiring individuals to perform services or tasks for compensation.
Partnership Business
An officially recognized form of enterprise undertaken by two or more participants, who equally manage the business and its profits.
- Understand the legal frameworks governing partnerships, including the establishment, liability, and operation.
Verified Answer
PS
Learning Objectives
- Understand the legal frameworks governing partnerships, including the establishment, liability, and operation.